Eastman Kodak (NYSE:KODK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Eastman Kodak (NYSE:KODK) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings cut Eastman Kodak from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Eastman Kodak has a consensus rating of “Sell”.

Eastman Kodak Stock Down 0.6%

Shares of KODK opened at $9.98 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. Eastman Kodak has a 12 month low of $4.94 and a 12 month high of $14.87. The firm’s 50 day moving average is $8.89 and its 200-day moving average is $9.20. The stock has a market capitalization of $977.14 million, a PE ratio of -7.18 and a beta of 1.56.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $311.00 million during the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%.

Institutional Investors Weigh In On Eastman Kodak

Large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of Eastman Kodak by 8.1% during the 1st quarter. AQR Capital Management LLC now owns 175,313 shares of the technology company’s stock worth $1,108,000 after buying an additional 13,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eastman Kodak by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after buying an additional 1,566 shares in the last quarter. Empowered Funds LLC grew its position in Eastman Kodak by 4.2% in the first quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock valued at $2,752,000 after acquiring an additional 17,621 shares during the last quarter. Creative Planning grew its position in Eastman Kodak by 3.4% in the second quarter. Creative Planning now owns 52,090 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Eastman Kodak by 3.1% during the second quarter. Rhumbline Advisers now owns 97,705 shares of the technology company’s stock worth $552,000 after acquiring an additional 2,927 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

About Eastman Kodak

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.